News Corp reported a better-than-expected quarterly profit because of cable television and Fox broadcast network fees, even as the family-controlled company grapples with questions of who will lead it once Rupert Murdoch steps aside.
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Apple's Steve Jobs, who continues to make headline news after his death, criticized Fox News and its owner Rupert Murdoch for being a destructive force in America.
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Although all members were re-elected to News Corporation's board of directors Friday, shareholder votes showed that not everyone is happy with the company's leadership.
James Murdoch, the presumed heir to the News Corp media empire, suffered a sharp rebuke from shareholders, with nearly 35 percent of its investors voting against his reelection to the board.
Although all members were re-elected to News Corporation's board of directors Friday, many directors received substantial numbers of no votes.
James Murdoch will appear before the British parliament once again on Nov. 10 to discuss the News of the World phone-hacking scandal, the Media, Culture and Sport Committee announced Monday.
Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.
News Corp's (NWSA.O) third-largest investor has urged Rupert Murdoch to sell all his newspapers and double the size of a share buy-back plan, the Sunday Telegraph reported.
News Corp's third-largest investor has urged Rupert Murdoch to sell all his newspapers and double the size of a share buy-back plan, the Sunday Telegraph reported.
News Corp shareholders reelected the media conglomerate's board of directors on Friday and failed to approve a proposal to oust Rupert Murdoch from his chairman post.
Using contentious barbs and comedic relief, Rupert Murdoch deflected attempts by angry investors to remove him as chairman of his News Corp empire at the company's annual meeting on Friday.
News Corp. Chief Executive Rupert Murdoch showed defiance in the face of angry shareholders at its annual meeting on Friday as they slammed the media company for poor corporate governance and said he should give up the chairman role.
Editorial staff at Rupert Murdoch's remaining upscale London newspapers were informed on Thursday of impending budget and staff cuts, which may include some compulsory layoffs.
Nasdaq index futures fell on Wednesday after technology heavyweight Apple missed earnings expectations, while the broader market was little changed after a big run-up in the last session on a report Europe may beef up its crisis fund.
Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday after strong gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.3 to 0.9 percent.
The private memorial service of Steve Jobs, the visionary and creative tech genius, was held at Stanford Memorial Church on Sunday evening, moving hundreds of celebrities to tears.
At the News Corporation annual shareholder meeting Friday, those in attendance will get the chance to vote on splitting the role of Chairman and CEO.
2011 was a banner year for celebrity and pseudo-lebrity scandals
Steve Jobs, the former Apple CEO, was honored in the middle of tight security by mourners including Google chief executive Larry Page, media mogul Rupert Murdoch and former Vice President Al Gore, an Apple board member.
Another major investor has joined calls for the Murdoch family to step down from the helm of media empire News Corp following a phone hacking scandal, according to a British newspaper.
